Signaturefd LLC Raises Position in Molina Healthcare, Inc. (NYSE:MOH)

Signaturefd LLC lifted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,122 shares of the company’s stock after buying an additional 322 shares during the period. Signaturefd LLC’s holdings in Molina Healthcare were worth $327,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MOH. Waldron Private Wealth LLC lifted its stake in Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after acquiring an additional 33 shares in the last quarter. Caprock Group LLC lifted its position in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after purchasing an additional 47 shares in the last quarter. Bank of Hawaii lifted its position in shares of Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Molina Healthcare by 2.1% during the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock worth $906,000 after purchasing an additional 55 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in Molina Healthcare by 38.5% in the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Down 1.7 %

Shares of Molina Healthcare stock opened at $309.85 on Friday. The stock has a market capitalization of $17.20 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s 50-day simple moving average is $299.99 and its 200 day simple moving average is $309.69.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on MOH shares. Stephens reissued an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho decreased their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $355.69.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.